United Spirits Ltd has informed BSE that the Board of Directors of the Company at their meeting held on April 13, 2018 has considered and approved the following:

1. Sub-division of 548,000,000 equity shares of face value of Rs. 10/- per equity shares in to 2,740,000,000 of equity shares of face value of Rs. 2/- per equity share subject to approval by the shareholders of the Company by way of special resolution.

2. Sub-division of 120,000,000 7% non-cumulative redeemable preference shares of Rs. 100/- each into 1,200,000,000 number of preference shares of Rs. 10/- each and this clause of preference shares shall merge with another clause of 159,200,000 preference shares of the face value of Rs. 10/- each.

Consequential amendment will be made to the Memorandum and Articles of Association of the Company pursuant to the provisions of the Companies Act, 2013 and the applicable rules made thereunder as per Disclosure in the prescribed format pursuant to Securities and Exchange Board of India Circular dated September 09, 2015.